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8 Pengő Provisional issue

Issuer Magyar Királyi Pénzügyminisztérium (Hungarian Royal Ministry of Finance)
Year 1925
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Shape Rectangular
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Obverse lettering 100000 PENGŐ SZÁZEZER KORONA NYOLC PENGŐ PÉNZÜGYMINISTER AZ ÁLLAMJEGYEK UTÁNZÁSA A TÖRVÉNY SZERINT BÜNTETTETIK
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Variants P#86a - Printer: Orell Füssli, Zurich
P#86b - Printer: Magyar Pénzjegynyomda Rt.
Comments

The 8 Pengő denomination is an oddity — no national currency ordinarily needs an eight-unit note. This provisional issue emerged during the transition away from the hyperinflated Korona, with the Pengő introduced in 1926 to stabilize Hungarian finances under League of Nations supervision. The value was almost certainly derived by overprinting or revaluing existing Korona stock at a fixed conversion rate, producing an arithmetic denomination that would never appear under normal monetary planning.

Engraved by Traugott Willi at Orell Füssli in Zurich, the intaglio work reflects that firm's precision standards. Willi's name appears on several central European issues of the period.

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